According to CoinDesk, despite the market's general belief that Trump's election victory would be more favorable for Bitcoin, analysts say that regardless of the U.S. election results, Bitcoin is expected to break through its historical high.
Recent data from the cryptocurrency options market shows that bullish Bitcoin options from mid-to-late November are concentrated at levels between $75,000 and $80,000. Analysts point out that macroeconomic factors such as expectations of Federal Reserve rate cuts and stock market rises also support the possibility of Bitcoin hitting $80,000 before year-end.